JC Childcare inc
JC Childcare inc is located in Grand Saline, TX, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $817,000 for a change of ownership on January 22, 2024.
SBA 7(a) loan, change of ownership, approved Jan 22, 2024
- Gross approval
- $817,000
- SBA-guaranteed amount
- $612,750 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,860 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Van Zandt County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Texas: $1,944,682.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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